Marsons Ltd
Incorporated in 1976, Marsons Ltd
is engaged in manufacturing of transformers in the capacity range of 100 MVA 132KV class[1]
- Market Cap ₹ 2,453 Cr.
- Current Price ₹ 143
- High / Low ₹ 232 / 122
- Stock P/E 74.9
- Book Value ₹ 8.12
- Dividend Yield 0.04 %
- ROCE 33.8 %
- ROE 36.5 %
- Face Value ₹ 1.00
Pros
- Company has reduced debt.
- Company is almost debt free.
- Company is expected to give good quarter
- Debtor days have improved from 487 to 148 days.
Cons
- Stock is trading at 17.6 times its book value
- Promoter holding has decreased over last 3 years: -21.4%
* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.
Peer comparison
Industrials Capital Goods Electrical Equipment Other Electrical Equipment
Part of BSE Allcap BSE Industrials
Quarterly Results
Consolidated Figures in Rs. Crores / View Standalone
Profit & Loss
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2011 | Jun 2012 15m | Mar 2016 9m | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2024 | Mar 2025 | TTM | |
|---|---|---|---|---|---|---|---|---|---|
| 106 | 116 | 103 | 100 | 17 | 0 | 6 | 168 | 209 | |
| 93 | 104 | 90 | 97 | 64 | 20 | 5 | 143 | 176 | |
| Operating Profit | 13 | 11 | 13 | 3 | -47 | -19 | 1 | 25 | 33 |
| OPM % | 12% | 10% | 12% | 3% | -283% | -5,506% | 18% | 15% | 16% |
| -1 | 3 | 1 | 1 | -8 | -1 | 0 | 3 | 1 | |
| Interest | 5 | 9 | 8 | 10 | 5 | 0 | 0 | 0 | 1 |
| Depreciation | 1 | 2 | 3 | 2 | 32 | 3 | 1 | 0 | 1 |
| Profit before tax | 6 | 3 | 3 | -8 | -93 | -23 | 1 | 28 | 33 |
| Tax % | 7% | 34% | -21% | 23% | -1% | -8% | 0% | 0% | |
| 5 | 2 | 4 | -10 | -92 | -22 | 1 | 28 | 33 | |
| EPS in Rs | 2.07 | 0.88 | 1.66 | -3.98 | -36.63 | -8.63 | 0.04 | 1.63 | 1.90 |
| Dividend Payout % | 24% | 11% | 0% | 0% | 0% | 0% | 0% | 0% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| TTM: | 79% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| TTM: | 68% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | 33% |
| 5 Years: | 77% |
| 3 Years: | 250% |
| 1 Year: | 9% |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| Last Year: | 36% |
Balance Sheet
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2011 | Jun 2012 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2024 | Mar 2025 | Sep 2025 | |
|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 25 | 25 | 25 | 25 | 25 | 25 | 14 | 17 | 17 |
| Reserves | 26 | 27 | 28 | 18 | -74 | -94 | 0 | 105 | 123 |
| 38 | 37 | 71 | 76 | 86 | 84 | 9 | 3 | 3 | |
| 48 | 43 | 102 | 44 | 36 | 23 | 6 | 27 | 24 | |
| Total Liabilities | 137 | 133 | 227 | 163 | 73 | 38 | 30 | 152 | 167 |
| 29 | 27 | 58 | 56 | 24 | 21 | 13 | 14 | 15 | |
| CWIP | 0 | 1 | 0 | 0 | 0 | 0 | 0 | 0 | 26 |
| Investments | 10 | 10 | 10 | 10 | 0 | 0 | 0 | 37 | 0 |
| 98 | 94 | 158 | 96 | 49 | 17 | 17 | 101 | 126 | |
| Total Assets | 137 | 133 | 227 | 163 | 73 | 38 | 30 | 152 | 167 |
Cash Flows
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2011 | Jun 2012 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|
| -15 | 5 | 27 | 4 | -7 | 1 | -4 | -35 | |
| -0 | -2 | -25 | -1 | 1 | -0 | -0 | -38 | |
| 10 | -5 | -3 | -4 | 5 | -2 | 4 | 74 | |
| Net Cash Flow | -5 | -1 | -1 | -0 | -0 | -1 | 0 | 1 |
Ratios
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2011 | Jun 2012 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|
| Debtor Days | 209 | 116 | 372 | 144 | 907 | 10,126 | 827 | 148 |
| Inventory Days | 119 | 175 | 313 | 200 | 2 | 0 | 100 | 42 |
| Days Payable | 171 | 130 | 537 | 127 | 190 | 240 | 71 | |
| Cash Conversion Cycle | 157 | 161 | 147 | 217 | 720 | 10,126 | 687 | 120 |
| Working Capital Days | 53 | 46 | 97 | 77 | -696 | -51,382 | 75 | 151 |
| ROCE % | 14% | 2% | -101% | -89% | 34% |
Documents
Announcements
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Announcement under Regulation 30 (LODR)-Newspaper Publication
11 Feb - Copies of Unaudited Financial Results (Standalone & Consolidated) of the company for the quarter ended 31st December 2025 published in Business Standard (All India English) …
-
Announcement under Regulation 30 (LODR)-Award_of_Order_Receipt_of_Order
10 Feb - Received ₹23.01 crore PO from Datta Power Infra for 160 MVA and 120 MVA 220/33 kV transformers, six-month execution.
- Unaudited Financial Results (Standalone & Consolidated) (Provisional) Of The Company For The Quarter Ended 31St December 2025. 9 Feb
-
Announcement under Regulation 30 (LODR)-Award_of_Order_Receipt_of_Order
4 Feb - ₹9,02,70,000 PO from Sugs Lloyd for 10 MVA 33/11kV transformers, received 16 Feb 2023.
-
Board Meeting Intimation for Consideration And Declaration Of Unaudited Financial Results (Provisional) Of The Company For The Quarter Ended 31St December 2025
2 Feb - Board meeting on 9 Feb 2026 to approve unaudited results for quarter ended 31 Dec 2025.
Annual reports
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Financial Year 2025
from bse
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Financial Year 2024
from bse
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Financial Year 2023
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Financial Year 2022
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Financial Year 2021
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Financial Year 2020
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Financial Year 2019
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Financial Year 2018
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Financial Year 2017
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Financial Year 2016
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Financial Year 2015
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Financial Year 2014
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Financial Year 2013
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Financial Year 2012
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Financial Year 2011
from bse
Business Overview:[1][2]
MSL is an ISO 9001:2008 certified and
CPRI, ERDA, and NABL accredited, multi
product and service organization engaged
in manufacturing, supplying, erecting, testing, and commissioning of Power and Distribution transformers of various ratings, which include 10 KVA, 50 MVA 132 kV class, up to the range of 160 MVA 220 kV class.